Litecoin Review – P2P decentralized digital cryptocurrency

Litecoin Review – P2P decentralized digital cryptocurrency

We all know that electronic cryptocurrency has many advantages but you can find So lots of coins from the crypto environment but which one is better? Litecoin should definitely be there in your own portfolio. LTC is just a very stable and looks like it may anyday hit to the moon.

Litecoin (LTC) or popularly known as Bitcoin’s silver was released on GitHub at October 2011 from Charlie Lee. It’s given its own name as Bitcoin’s silver for a particular reason as Lee would like to go along with Bitcoin rather than against it.

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Charlie has been a solid supporter of all Bitcoin. He’d earlier worked together with Coinbase that’s where he started taking care of Litecoin. He never wanted to contend with Bitcoin. It was an enjoyable project for him. Competing with Bitcoin or getting the following Bitcoin was never Charlie’s intention. According to him, even if Bitcoin doesn’t survive, no other coin will. He plans to make transaction faster and cheaper without contending with Bitcoin.

Litecoin is currently P2P decentralized digital cryptocurrency. In layman’s term, it can be used for anything in buying your cup of java to online purchasing to paying for the bill.

Transaction fees of Litecoins Come in pennies when compared with other payment Media such as charge card issuers, bank trades etc.. All trades are listed on a distributed public ledger called blockchain. Blockchain at a simple word is a sign which comprises all previous records or transactions done at any particular time. Therefore we can check any transactions at any moment with the assistance of block chain.